The CreditEase-backed enterprise financial management platform has secured $31.6m in a Xiaomi-led round that included 51Xinyongka.
Month: January 2018
Kingsoft Cloud stores another $200m in funding
Kingsoft has invested $100m in its cloud services spinoff, a month after contributing to its $300m series D round.
Corporates drive $348m round for Xiaopeng
Xiaopeng has raised capital in a round co-led by Alibaba, Foxconn and IDG Capital as it gears up to launch its electric sports utility vehicle.
Microsoft helps Unravel $15m series B
Unravel Data emerged from stealth in 2016 with a big data software optimisation package built on AI, machine learning and predictive analytics.
Chernin puts another $15m on Barstool
Chernin acquired a 51% stake in anti-PC sports media brand Barstool Sports, which is now valued at $100m, in 2016.
Anorak covers seed round with Kamet’s help
Axa’s Kamet Ventures incubator has supplied $5.6m in seed capital for life insurance comparison platform Anorak Technologies.
Lambert joins National Grid
Lisa Lambert, former managing partner at venture capital firm Westly Group, has rejoined the corporate venturing community as senior vice-president and chief technology and innovation officer at UK and US-listed energy utility National Grid. Before joining Westly two years ago, Lambert had worked at Intel Corporation for 19 years as vice-president and managing director of… Continue reading Lambert joins National Grid
News round up 29 January 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 22-26 January 2018
Samsung Next, a corporate venturing subsidiary of consumer electronics producer Samsung, supplied an undisclosed amount of funding on Tuesday for Juvo, the US-based creator of a financial identity system for mobile device users. Juvo had previously raised $14m from Freestyle Capital, Wing Venture Capital, Seed-Resolute and assorted angel investors in September 2016 before adding $40m… Continue reading Corporate venturing deal net: 22-26 January 2018
Hortau makes it rain
The Telesystem-backed irrigation management software provider has secured $5.9m from Sustainable Development Technology Canada.
Skyport to dock at Cisco
Skyport Systems had raised $67m in funding from investors including Cisco Investments and was valued at $245m as of 2016.
Ultivue marks series B with $20m
Applied Ventures invested in the Ultivue as part of a series B round that will be used to develop its biomarker detection technology.
EtaGen’s series C round generates $83m
KCK Group, American Electric Power, Centrica and Statoil all invested as the linear generator provider took its total funding to $133m.
Mobike mobilises $1bn in funding
Chinese media reports state the Tencent-backed bicycle rental service has secured $1bn in funding from undiclosed investors.